Target Healthcare REIT (LON:THRL) Issues Quarterly Earnings Results

Target Healthcare REIT (LON:THRL) released its earnings results on Wednesday. The company reported GBX 13.32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Target Healthcare REIT had a return on equity of 11.03% and a net margin of 114.60%.

Target Healthcare REIT Price Performance

Shares of LON:THRL remained flat at GBX 113 on Friday. The company’s stock had a trading volume of 711,450 shares, compared to its average volume of 4,933,777. The company has a fifty day moving average of GBX 112.23 and a 200-day moving average of GBX 107.89. Target Healthcare REIT has a 12 month low of GBX 92 and a 12 month high of GBX 117. The stock has a market cap of £700.87 million, a PE ratio of 8.99, a P/E/G ratio of 1.48 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 101 target price on shares of Target Healthcare REIT in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 101.

About Target Healthcare REIT

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.